AT&T (NYSE:T) Updates FY 2026 Earnings Guidance

AT&T (NYSE:T) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.250-2.350 for the period, compared to the consensus EPS estimate of 2.310. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays dropped their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Scotiabank reduced their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. KeyCorp upped their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

AT&T Trading Up 1.5%

T opened at $22.27 on Wednesday. AT&T has a 1-year low of $19.89 and a 1-year high of $29.79. The stock has a market capitalization of $154.76 billion, a PE ratio of 7.47, a PEG ratio of 0.86 and a beta of 0.24. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $22.86 and a two-hundred day moving average price of $25.26.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T will post 2.32 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

Key Headlines Impacting AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T beat profit expectations, posting $0.65–$0.66 EPS versus roughly $0.59–$0.62 expected, which reassured investors that earnings momentum is improving. Article Title
• Positive Sentiment: The company topped expectations on wireless subscriber additions, helped by low-cost unlimited plans and bundled mobile-broadband offers, suggesting its convergence strategy is gaining traction. Article Title
• Positive Sentiment: AT&T said it delivered a record quarter for combined fiber and fixed wireless net adds and its strongest consumer postpaid wireless account growth in more than three years, supporting revenue and customer growth. Article Title
• Positive Sentiment: The company reiterated full-year 2026 and longer-term guidance and said share repurchases are accelerating, which can help bolster investor confidence in cash generation and capital returns. Article Title
• Neutral Sentiment: Revenue came in slightly below estimates at $31.56 billion versus about $31.8 billion expected, so the top-line miss may limit upside even after the earnings beat. Article Title
• Neutral Sentiment: Some earlier commentary highlighted investor concern about Starlink/SpaceX competition, but the earnings report appears to have eased some of those fears for now. Article Title

Hedge Funds Weigh In On AT&T

Several hedge funds have recently added to or reduced their stakes in the company. Empire Financial Management Company LLC raised its position in shares of AT&T by 1.0% during the 4th quarter. Empire Financial Management Company LLC now owns 40,996 shares of the technology company’s stock valued at $1,018,000 after acquiring an additional 400 shares in the last quarter. American Trust lifted its position in shares of AT&T by 4.2% during the 4th quarter. American Trust now owns 10,828 shares of the technology company’s stock valued at $269,000 after acquiring an additional 433 shares during the last quarter. Magnolia Capital Advisors LLC raised its holdings in shares of AT&T by 1.8% during the fourth quarter. Magnolia Capital Advisors LLC now owns 25,600 shares of the technology company’s stock valued at $636,000 after acquiring an additional 443 shares during the period. Financial Engines Advisors L.L.C. grew its stake in AT&T by 1.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 29,979 shares of the technology company’s stock valued at $745,000 after acquiring an additional 497 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV raised its holdings in shares of AT&T by 3.6% during the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 14,268 shares of the technology company’s stock worth $354,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.